Tag Archive for Tag: Risk Management

Tag: Risk Management Risk Management

After the risk of a hazard has been assessed, the building designers and contractors, guided by building-code, design standards, zoning-code, and health-agency specifications and exercising their best judgment, should decide on an acceptable level for the risk. With this done, they should then select a cost-effective way of avoiding the hazard, if possible, or protecting against it so as to reduce the risk of

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Tag: Risk Management A/E Liability and Insurance

Architecture and engineering firms normally maintain professional liability insurance. This requires payment of annual premiums based on the coverage provided. Architects and engineers should maintain coverage in connection with their foreign operations as well as with their domestic operations. Various types of insurance usually carried by architects and engineers are listed in Table 2.1. ‘‘Services’’ vs. ‘‘Work’’ The building industry generally recognizes

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